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There are people who think that China is about to replace America as world's obviously dominant superpower, and there are people who think that China is about to collapse, nothing in-between.


China;s history has been one of repeated 300-year to 500-year cycles. But this time is looking more like slow decay everywhere, true.

Collapse? People need to know and understand Adam Smith's remark that "there is a lot of ruin in a nation".


I think it will probably do neither, though as an American we're making a good faith effort to ensure the first.




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